Zenigame
@zeni.eth
Trying to understand "staking" better since it gets thrown around everywhere... What Farcaster ecosystem tokens/apps/protocols have great staking mechanisms? What makes them work well? 500 Degen tip for up to five answers @bountybot
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BOⓂ️B 🎩
@drmat
Great question! In my opinion, projects that combine staking with governance are truly next-level. Here's why: 1️⃣ Governance Power: Stakers aren’t just passive participants; they can vote on key decisions like protocol upgrades or reward allocations. This makes them part of the project's core decision-making. 2️⃣ Double Rewards: On top of voting rights, stakers often receive financial incentives like profit sharing or bonus tokens. Who doesn’t love extra rewards? 3️⃣ Real Decentralization: By blending these features, projects create a stronger connection with their community, giving users a true sense of ownership and trust. 🙌 In the Warpcast ecosystem, I’ve seen Degen and Moxie reward stakers with great incentives. However, I’m not entirely sure how decentralized their governance (DAO) is.Additionally TN100X allows users to participate in its voting mechanism by locking Hamcaster tokens
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Zenigame
@zeni.eth
500 $DEGEN Thank you, in particular for the commentary at the end.
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